With only 1.3 months of inventory, Bellevue remains a seller's market. Home prices have increased 21.6% in the past month alone. At the current pace, all available homes in Bellevue would sell out in just 1.3 months, indicating a continued supply shortage. Sales volume is down 50% compared to seasonal expectations. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Bellevue market with the affordability index at 718.4. Based on current market indicators, home prices in Bellevue are projected to increase by approximately 3.8% over the next month.